#Japan #security technology #Kyoto #KOMORI #Banknote Printing

Unveiling the Journey of KOMORI in Banknote Printing

KOMORI Corporation stands as a distinguished name in the realm of security printing, particularly in the niche of banknote production. With a history tracing back to its collaboration with the National Printing Bureau in 1958, this company has evolved into one of only two manufacturers of banknote printing presses in the world. Over the decades, KOMORI has dedicated itself to developing and enhancing its cutting-edge printing machines, earning immense trust both domestically and internationally.

Recently, KOMORI achieved a significant milestone by receiving multiple orders from the U.S. Bureau of Engraving and Printing for its advanced banknote printing machinery. This achievement represents a long-held ambition for the company, marking a pivotal moment in its quest for global recognition in the banking sector.

The Early Days of Securities Printing

The inception of KOMORI's securities printing business can be traced back to its agreement with the National Printing Bureau to develop domestic machinery for printing Japanese yen. With over 200 machines delivered across five factories over the years, about 50 of these printing machines remain operational today, churning out contemporary yen banknotes.

The initial success in Japan paved the way for KOMORI's ambitious efforts to expand its footprint internationally. The pivotal moment came during the 1987 G7 summit when the company seized the opportunity to host seminars and machine demonstrations, thereby showcasing Japan’s technological prowess to central bank governors worldwide.

Venturing into the Global Market

Joining KOMORI in 1962, its current chairman, Yoshiharu Komori, envisioned bringing the firm's security printing technology to new markets. The first international success followed shortly after, with an order for a gravure printing machine from the Ministry of Finance in Russia. The momentum continued as KOMORI established significant partnerships and undertook large-scale projects in countries like South Korea, India, and Nigeria.

In India, KOMORI forged partnerships for a vast printing project involving eight lines of machinery, leading to the construction of a new factory. These accomplishments helped establish KOMORI as a formidable player on the global stage.

In Southeast Asia, despite facing challenges such as resistance to switching machines, the company persevered by highlighting its technological advantages and after-sales service, resulting in business contracts with clients in Indonesia and the Philippines.

Success in Europe and Beyond

Europe presented new opportunities, starting with a major contract from De La Rue in 2011, marking KOMORI's official entry into the European market. This pivotal partnership, which included a comprehensive service agreement, has led to significant success with several countries’ central banks adopting KOMORI machines for their currency printing.

Notably, in 2014, the Bank of England placed orders for two lines, leading to the situation where 100% of the UK pound notes are printed on KOMORI machines. Following that, agreements with the French National Bank and numerous others across Europe further solidified the company's reputation for excellence in security printing.

Dream of Printing U.S. Dollars

Printing the U.S. dollar was a long-time dream for Yoshiharu Komori. After years of negotiation and persistent follow-up with the Bureau of Engraving and Printing, KOMORI finally received orders, cementing its place in the field of international banknote printing. This milestone is not just a success for KOMORI but a significant chapter in the history of the company.

The achievement underscores the dedication and hard work that went into affirming the reliability and advanced technology KOIMORI offers. Across 38 countries, over 200 machines have been installed, producing more than 100 types of banknotes, including well-known currencies like the Euro.

Future Prospects

As the securities printing sector continues to be a cornerstone of KOMORI's business, there is optimism about future growth, particularly in Asia and underserved markets in South America and Africa. The demand for advanced printing technologies in areas outside of banknotes, such as passport printing and security labels, is expected to rise.

KOMORI also keeps a strong focus on developing digital printing technology, anticipating its future use in banknote security. By integrating various advanced printing technologies, KOMORI sets forth its vision to safeguard identities effectively while continuously innovating in the printing landscape.

KOMORI Corporation, founded in 1923, is committed to leveraging its century-long experience and expertise to foster progress in society through printing technology. Under the mantra of delivering not just satisfaction but true emotional experiences to customers, KOMORI aims to inspire and captivate its partners and clientele now and in the years to come.